• Tb0n3@sh.itjust.works
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    7 months ago

    Supply and demand. The supply reduced so wages went up but only as much as demand required. If you want more money be more valuable.

    • Ephera@lemmy.ml
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      7 months ago

      Well, we could skip the labor shortage until wages increase by increasing wages right away.

      We simply don’t have a perfect market, which would be required for supply and demand to regulate without hiccups.

    • The Octonaut
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      7 months ago

      So you want labour shortages (and/or strikes because that’s the other way to effect a supply shortage) for a while to hurt the economy before The Market finds a way to pay the people it wants to consume their way to infinite growth

      What a weirdly planned economy